Solid earnings

Lots of big earnings announcements today. DuPont (DD) beat expectations but offered cautious guidance, thanks to Europe (a theme that will follow through many earnings announcements). AT&T (T) also beat expectations. Lockheed Martin (LMT) beat expectations and raised FY guidance but offered cautious outlook thanks to looming spending cuts. Texas Instruments (TXN) beat estimates but offered very weak guidance. UPS (UPS) misses estimates and lowered guidance. Overall, a pretty good day, showing US corporations, by and large, are going better than expected. Apple (AAPL) announces after the bell.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s